The volume of import-export operations with nine countries surpasses U.S. $ 1 billion. Italy, Israel, France, Germany, USA, Russia, Turkey, India and Indonesia account for over 64% ($ 19,638 million) turnover of Azerbaijan since the beginning of this year.
According to the State Customs Committee, in January-November 2012 Azerbaijan maintained active import-export ties with 24 countries of the world, which accounted for $ 26,630 million, or 87.2% of the total foreign trade turnover of the country.
According to the customs of Azerbaijan for 11 months of the year the trade turnover with Russia amounted to $ 2,052 million, which was 21.6% less than in the comparable period of 2011. Interestingly, about the same percentage was increase in the trade with Turkey, which amounted to $ 1,836 million. - 08B -
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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